Thomson Reuters reported Tuesday that global deal volume dropped by a full one-third in 2008 -- to $2.89 trillion, the lowest annual number since 2005 -- and looks to keep falling next year. Fourth-quarter numbers showed M&A volume dropping 44 percent worldwide over the last three months compared to the same period last year; U.S. deal volume plummeted 55 percent in the same time frame. And the more than 1,100 agreed-upon deals that collapsed in 2008 represent a record.
2008 Deal Numbers at Record Lows and Falling
The American Lawyer
December 24, 2008